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M

Macy's

$21.87

-1.1554 (-5.02%)

, BAM

Brookfield

$38.52

-0.47 (-1.21%)

10:22
08/10/17
08/10
10:22
08/10/17
10:22

Macy's: 'Not a lot new' on real estate since June investor meeting

Macy's (M) CFO Karen Hoguet work on Herald Square continues, says will take time to develop best plan for this location. Says work with Brookfield (BAM) "ongoing."

M

Macy's

$21.87

-1.1554 (-5.02%)

BAM

Brookfield

$38.52

-0.47 (-1.21%)

  • 10

    Aug

  • 10

    Aug

M Macy's
$21.87

-1.1554 (-5.02%)

06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/07/17
GSCO
06/07/17
NO CHANGE
Target $25
GSCO
Neutral
Macy's price target lowered to $25 from $28 at Goldman Sachs
Goldman analyst Lindsay Drucker Mann lowerd Macy's price target to $25 from $28 to reflect weaker margin trends and operating earnings following the company's Investor Day. The analyst is encouraged by the detail around strategic initiatives and has confidence in -3-4% FY17 comp guidance range. Shares are Neutral rated.
05/12/17
COWN
05/12/17
NO CHANGE
Target $29
COWN
Market Perform
Macy's financial modeling worrisome, says Cowen
Cowen analyst Oliver Chen said the rapid transformation of consumers' shopping preferences presents ongoing challenges to Macy's and other retailers. He said the company needs to reinvent promotional techniques that currently are yielding poor store traffic and higher markdowns. Chen said from a financial modeling perspective he is worried, leading him to maintain his Market Perform rating on Macy's shares and cut his price target to $29 from $44.
05/12/17
SBSH
05/12/17
NO CHANGE
Target $23
SBSH
Neutral
Macy's price target lowered to $23 from $30 at Citi
Citi analyst Paul Lejuez lowered his price target for Macy's to $23 saying the company's results yesterday "stood out as extremely weak" amid disappointing quarters across the sector. The analyst keeps a Neutral rating on the shares.
BAM Brookfield
$38.52

-0.47 (-1.21%)

02/14/17
UBSW
02/14/17
UPGRADE
Target $11.5
UBSW
Neutral
TerraForm Power upgraded to Neutral from Sell at UBS
UBS analyst Julien Dumoulin-Smith upgraded TerraForm Power (TERP) to Neutral saying the risk/reward is now balanced with shares at his unchanged price target of $11.50. Further share moves are largely dependent on the company's ongoing strategic review, including prospects for an acquisition, Dumoulin-Smith tells investors in a research note. He believes the company's fundamentals are intact and feels Brookfield's (BAM) cash bids of $11.50 per share for TerraForm Power alone provides a support level for shares while the $12 per share level including TerraForm Global (GLBL) provides "some viable upside."
02/10/17
RBCM
02/10/17
DOWNGRADE
RBCM
Outperform
Brookfield downgraded to Outperform from Top Pick at RBC Capital
RBC Capital analyst Neil Downey downgraded Brookfield to Outperform and raised its price target to $41 from $40 given shares have risen 11% this year.
01/19/17
01/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) and lululemon (LULU) were initiated with an Underperform at CLSA, while the firm initiated Under Armour (UA, UAA) with a Buy. 2. Comcast (CMCSA) was initiated with a Buy at HSBC, while Charter (CHTR) was initiated with a Hold. 3. Brookfield (BAM) initiated with a Buy at Citi. 4. Apogee Enterprises (APOG) initiated with a Buy at Craig-Hallum. 5. Infinera (INFN) initiated with a Neutral at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/19/17
SBSH
01/19/17
INITIATION
Target $39
SBSH
Buy
Brookfield initiated with a Buy at Citi
Citi analyst William Katz started Brookfield Asset Management with a Buy rating and $39 price target. The analyst believes investors may be overlooking the "sizable" growth opportunities within Brookfield's Asset Management business.

TODAY'S FREE FLY STORIES

DE

Deere

$114.63

-9.355 (-7.55%)

10:30
08/18/17
08/18
10:30
08/18/17
10:30
Hot Stocks
Deere notes material cost increases impacting margins »

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10:30
08/18/17
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10:30
General news
U.S. consumer sentiment surged 4.2 points to 97.6 in the August »

U.S. consumer sentiment…

TXMD

TherapeuticsMD

$6.28

0.01 (0.16%)

10:29
08/18/17
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Analysts upbeat on TherapeuticsMD after large NIH study »

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  • 03

    Nov

APEI

American Public Education

$17.90

-0.05 (-0.28%)

10:28
08/18/17
08/18
10:28
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10:28
Conference/Events
American Public Education management to meet with Barrington »

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10:25
08/18/17
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10:25
General news
Treasury Action: yields steadied above lows »

Treasury Action: yields…

10:25
08/18/17
08/18
10:25
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10:25
Conference/Events
Cowen Washington strategist holds analyst/industry conference call »

Washington Research Group…

HPE

HP Enterprise

$17.11

-0.19 (-1.10%)

10:20
08/18/17
08/18
10:20
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10:20
Options
Repeat option activity in Hewlett Packard Enterprises »

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  • 05

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10:20
08/18/17
08/18
10:20
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10:20
General news
The Michigan sentiment pop to 97.6 »

The Michigan sentiment…

MDU

MDU Resources

$25.82

0.01 (0.04%)

10:18
08/18/17
08/18
10:18
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10:18
Syndicate
Breaking Syndicate news story on MDU Resources »

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$NSD

NASDAQ Market Internals

10:17
08/18/17
08/18
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
08/18/17
08/18
10:16
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10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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FOSL

Fossil

$7.77

-0.09 (-1.15%)

10:15
08/18/17
08/18
10:15
08/18/17
10:15
Options
Fossil put volume heavy and directionally bearish »

Bearish flow noted in…

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10:15
08/18/17
08/18
10:15
08/18/17
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

AMTD

TD Ameritrade

$42.44

-0.93 (-2.14%)

10:13
08/18/17
08/18
10:13
08/18/17
10:13
Conference/Events
TD Ameritrade management to meet with Jefferies »

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  • 23

    Aug

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  • 06

    Sep

DE

Deere

$113.40

-10.58 (-8.53%)

10:12
08/18/17
08/18
10:12
08/18/17
10:12
Hot Stocks
Deere says long term global tail winds for agricultural economy in place »

Comments are from the…

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  • 18

    Aug

  • 22

    Nov

CTL

CenturyLink

$19.13

-0.25 (-1.29%)

, LVLT

Level 3

$52.64

-0.35 (-0.66%)

10:12
08/18/17
08/18
10:12
08/18/17
10:12
Recommendations
CenturyLink, Level 3 analyst commentary  »

CenturyLink and Level 3…

CTL

CenturyLink

$19.13

-0.25 (-1.29%)

LVLT

Level 3

$52.64

-0.35 (-0.66%)

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GD

General Dynamics

$197.16

-0.832 (-0.42%)

10:11
08/18/17
08/18
10:11
08/18/17
10:11
Hot Stocks
General Dynamics awarded $115.3M contract modification by Navy »

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  • 23

    Aug

10:05
08/18/17
08/18
10:05
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10:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

, RUT

Russell 2000 Index

10:02
08/18/17
08/18
10:02
08/18/17
10:02
Technical Analysis
Technical View: Russell 2000 Index nears key technical levels »

The Russell 2000 (RUT) is…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

RUT

Russell 2000 Index

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10:01
08/18/17
08/18
10:01
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10:01
General news
Consumer Sentiment Index data reported »

Consumer Sentiment Index…

QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

10:00
08/18/17
08/18
10:00
08/18/17
10:00
Options
Defensive spread in PowerShares QQQ »

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10:00
08/18/17
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10:00
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10:00
General news
Breaking General news story  »

Dallas Federal Reserve…

IMUC

ImmunoCellular

$0.32

-0.0191 (-5.65%)

09:56
08/18/17
08/18
09:56
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09:56
Conference/Events
ImmunoCellular to host conference call »

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  • 23

    Aug

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

, EL

Estee Lauder

$102.49

4.165 (4.24%)

09:55
08/18/17
08/18
09:55
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09:55
Options
Early notable gainers among liquid option names on August 18th »

Notable gainers among…

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

EL

Estee Lauder

$102.49

4.165 (4.24%)

NEM

Newmont Mining

$37.16

1.11 (3.08%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

XEC

Cimarex Energy

$96.89

0.59 (0.61%)

03/08/13
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  • 18

    Aug

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DAL

Delta Air Lines

$47.54

0.01 (0.02%)

09:54
08/18/17
08/18
09:54
08/18/17
09:54
Upgrade
Delta Air Lines rating change  »

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